Listed by Bill Johnson, William E. Johnson
- Land
- Type
- 45,108 sq ft
- Lot
- 117
- Days on market
About this property
Centrally located 1.03-acre development site in Tacoma’s Madrona neighborhood with easy access to major highways. Zoned UR-3 (Mid-Scale Urban Residential), Zoning allows for up to ~120 units with density bonuses, providing significant upside. Buyer to verify development potential. 3/15/2026 Feasibility and geotechnical studies completed. Current concept: 36 two-bedroom units with garages (see attached renderings), approx. 1,130–1,330 sq. ft.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2494452
- Listed
- March 18, 2026
- Days on market
- 117
Construction
- Style
- 41 - Res-Over 1 Acre
- Structure
- None
Lot
- Lot size
- 45,108 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Utilities
- Electricity ConnectedNatural Gas Available
- Water
- In Street
- Sewer
- In Street
Schools
- District
- Tacoma
What stands out to you?
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- None
- Cash
- Conventional
- Electricity Connected
- Natural Gas Available
- In Street
Listing history
Listed
$499,950
March 18, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$2,911
- Principal & interest
- $2,528
- Property tax (est.)
- $383
Assumes $99,990 down (20%), a $399,960 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.